It’s time to hearken to the opposite aspect. Fats Man Terra was a cog within the Terra machine, however these days he’s the protocol’s greatest critic. He’s additionally a researcher, and his investigation lead him to consider that Terra was a rip-off from the very starting. In fact, Laura Shin’s Do Kwon interview rubbed Fats Man Terra the incorrect means. So, exercising his proper to answer, he went to the identical platform and instructed his aspect of the story.
If what Fats Man Terra says is true, the Terra/ Luna story is a horror movie.
A courtroom will in all probability determine if he’s proper or incorrect, although. Let’s discover his allegations, making an allowance for that that is simply the investigator’s interpretation of the details. He may know extra concerning the Terra/ Luna case than everybody on Earth, although.
That is the introduction to the episode titled “Fats Man Terra Speaks: Do Kwon Is a ‘Sociopath’ and a ‘Charismatic Manipulator”:
“Fats Man Terra, the nameless Twitter account devoted to bringing Do Kwon to justice, reacts to my current interview with Do Kwon and says what he thinks it revealed about his persona.”
That is the video:
Fats Man Terra Presents The Case
In response to the pseudonymous investigator, the Terra creators have been “unfairly enriching themselves” and didn’t disclose important info to buyers. On objective.
Relating to his interview with Shin, Fats Man Terra thinks Do Kwon was “dancing round questions” and didn’t reply immediately a number of of them.
He thinks Do Kwon was “deliberately mendacity” about Terra’s breakup with Chai. Each when it occurred and throughout the interview. At finest, the scenario was “closely mishandled.”
Fats Man Terra claims that on-chain knowledge exhibits that TerraForm Labs cashed out billions of {dollars}. They cashed out all through Terra’s entire existence.
He additionally thinks there’s proof that the group has “lots of of tens of millions stashed away.”
In response to the pseudonymous investigator, on the time Terra claimed that the protocol was attacked, however couldn’t discover “proof of fraud.”
The investigator additionally thinks that Do Kwon is “not in a position to stick to 1 story.” That’s a attribute that fraudsters usually exhibit. And he claims there’s a cause that regulators all around the world are Terra particularly. Some issues don’t add up, and this case is much from over.
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Opinions About Do Kwon’s Character
Respectfully, Fats Man Terra goes for the throat. He’s been finding out Do Kwon and his prognosis is that the person is:
A “sociopath with little regard for individuals’s emotions.”
“Avoiding regulation enforcement” and “undoubtedly on the run.”
An fool. Apparently, Do Kwon held the entire firm’s bitcoin reserves in a single pockets.
A liar. He knew that his involvement within the failed algorithmic stablecoin Foundation Money was related and will have disclosed it.
A thief. Do Kwon was pretending to consider in Terra over every thing and selling it as such to retail. In actuality, he was “concurrently pulling out” lots of of tens of millions.
In response to Fats Man Terra, all of it comes all the way down to that. “Should you actually consider in UST, why did you money out a lot,” he asks Do Kwon. Additionally, why did he made up statistics and inflated the community’s numbers?
The investigator will “begin to consider he’s sorry” when Do Kwon begins making affected Terra buyers entire from his personal pocket.
Fats Man Terra Is Nonetheless Optimistic
The parasites will at all times be there, surrounding the crypto area. In response to Fats Man Terra, if the trade needs to outlive we have now to begin “calling out scammers” and “pushing for justice.” He believes the trade will develop “failsafe mechanisms” to filter out dangerous actors and, basically, he’s “optimistic about the way forward for the area.” Make no mistake, although. Regardless of the optimism, the investigator claims that “Terra was a rip-off at each stage.”
In response to Laura Shin, Do Kwon might be again to reply the allegations sooner or later.
Featured Picture: Laura Shin screenshot from the interview | Charts by TradingView